Petra Diamonds (LON:PDL) had its price target reduced by research analysts at Royal Bank of Canada from GBX 110 ($1.49) to GBX 100 ($1.36) in a note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 50.40% from the company’s previous close.
Several other research firms have also recently weighed in on PDL. Shore Capital restated a “not rated” rating on shares of Petra Diamonds in a research note on Monday, October 9th. Liberum Capital restated a “buy” rating and set a GBX 115 ($1.56) target price on shares of Petra Diamonds in a research note on Monday, October 9th. FinnCap boosted their target price on Petra Diamonds from GBX 120 ($1.63) to GBX 130 ($1.76) and gave the stock a “buy” rating in a research note on Monday, October 23rd. Barclays decreased their target price on Petra Diamonds from GBX 118 ($1.60) to GBX 100 ($1.36) and set an “overweight” rating for the company in a research note on Monday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on Petra Diamonds from GBX 120 ($1.63) to GBX 115 ($1.56) and set an “overweight” rating for the company in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 120 ($1.63).
Shares of Petra Diamonds (LON:PDL) opened at GBX 66.49 ($0.90) on Monday. The firm has a market capitalization of $351.63 and a P/E ratio of 3,324.40. Petra Diamonds has a 52 week low of GBX 59.25 ($0.80) and a 52 week high of GBX 156.80 ($2.13).
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Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. Its segments include Mining and Exploration. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Exploration segment includes the exploration activities in Botswana and South Africa.
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